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Updated over 6 years ago on . Most recent reply

User Stats

18
Posts
3
Votes
Edwin Gutierrez
  • Investor
  • The Woodlands, TX
3
Votes |
18
Posts

Should I get an LLC to flip and purchase properties for rent?

Edwin Gutierrez
  • Investor
  • The Woodlands, TX
Posted

Should i get an LLC if planning to flip some homes (2-3 a year) and purchase properties for rental?

I've done rentals to this point for eight years with just an umbrella policy but wanted to expand on that and also dabble in flipping homes when a good opportunity presents itself. So I wanted someone's advice if an LLC would be wise and benefit me in the direction I like to go in real estate or should I continue operating with just an umbrella policy.

Thanks.

Ed

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